#LitecoinETF As of February 21, 2025, there have been significant developments regarding Litecoin (LTC) exchange-traded funds (ETFs):

• Canary Capital’s Filing: On October 15, 2024, Canary Capital submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) for the first Litecoin ETF. This move aims to provide both individual and institutional investors with direct exposure to Litecoin without the complexities of managing digital wallets. 

• SEC Review Process: The SEC acknowledged Canary Capital’s filing on January 29, 2025, initiating a 240-day review period. This acknowledgment is a crucial step toward potential approval, as it indicates the SEC’s active engagement with the proposal. 

• Grayscale’s Application: Grayscale Investments has applied to convert its existing Grayscale Litecoin Trust (LTCN) into a spot ETF. The SEC accepted this application for review on February 6, 2025, marking another significant milestone in expanding regulated Litecoin investment products. 

• Market Response: Following these developments, Litecoin’s price experienced notable increases. For instance, after the SEC’s acknowledgment of Canary Capital’s filing, LTC surged by 19%, surpassing the $120 mark. 

These advancements suggest a growing institutional interest in Litecoin and the potential for more accessible investment avenues through ETFs.